Vancouver Commercial Real Estate A Vancouver Real Estate Blog

20Oct/100

Recent Sale: 12711 & 12751 Rice Mill Road, Richmond

The 21.3 Acre site at 12711 & 12751 Rice Mill Road and 12100 Hartnell Road in Richmond, BC has recently been sold. The vacant industrial development site was purchased by the City of Richmond directly from the Vendors in an transaction that did not involve any brokers. The City of Richmond plans to use this site for the relocation of their City Works Yard. The selling price of the property was $21,000,000, representing a price per acre of $986,000.

13Oct/100

Recent Sale: 19545 Telegraph Trail, Surrey

John H. Lee of Remax has recently sold the industrial office and warehouse buildings at 19545 Telegraph Trail in Surrey, BC. The site measures a total area of approximately 2 Acres, and has two buildings with a total area of approximately 12,360 Square Feet. Each building is leased to a single tenant. The original asking price of the property was $3,650,000, and the final sale price was $3,593,500.

Downloads:
Original PDF Brochure 19545 Telegraph Trail

21Jul/100

Recent Sale: Northwest Hardwoods Site, Delta

John Boer of Colliers has recently brokered the sale of the Northwest Hardwoods Site located at 6939, 7150 Tilbuy Road, and 7505 Hopcott Road in Delta. The sale comes after the closing of the Northwest Hardwoods Mill in early 2009 by Weyerhauser. The site sold for $15,000,000, and has a total area of 27.05 acres, with approximately 4.25 acres of dedicated easement land for a net area of 22.8 acres. This represents a price per acre of $657,895.

6939, 7150 Tilbury Road & 7505 Hopcott Road Brochure

13Jul/100

Recent Sale: #2000 – 22091 Fraserwood Way, Richmond

Anthony Lux at DTZ Barnicke has recently brokered the sale of the brand new 25,982 sf industrial building located at #2000 - 22091 Fraserwood Way in East Richmond. The brand new structure features 3 dock loading bays and one grade loading bay. The final sale price of the strata property was $4,050,000, representing a price per square foot of $156. Unit #2000 is the largest and only stand-alone unit in the Fraserwood business park which features an additional 12 attached office/industrial units which have been partially sold.

16Jun/100

Recent Sale: #1105 – 22091 Fraserwood Way, Richmond

Another one of Don Viner and Nelson Chung's units at 22091 Fraserwood Way have completed. Patsy Hui of Re/Max has also been involved in the sales of these units. The unit sold for $330,500, representing a price per square foot of $163. The total square footage of the unit is 2,023, and is a ground floor office unit facing the highway, with a side grade loading door.

Please find the brochure for the property here:
22091 Fraserwood Way Brochure

28May/100

Recent Sale: 1145 & 1250 – 22091 Fraserwood Way

While not a notable sale, a couple of Don Viner and Nelson Chung's units at 22091 Fraserwood Way have completed. Patsy Hui of Re/Max has also been involved in the sales of these units. One of the units is a second floor office, and the other is a two-storey warehouse/office. The units are connected by a doorway, and were sold to one buyer for $630,000, representing a price per square foot of $156. The total square footage of the units is 4,044, with 2,644 square feet of second floor office, and 1380 of ground floor warehouse.

Please find the brochure for the property here:
22091 Fraserwood Way Brochure

19Apr/100

Recent Sale: 9000 Glenlyon Parkway, Burnaby

Avtar Bains and Deepak Dhawan of Colliers International have recently sold the Ballard Power building located at 9000 Glenlyon Parkway in Burnaby, BC. The building includes 71,500 square feet of office and 45,000 square feet of warehouse representing approximately $178 per square foot. The property sold for $20,750,000 and included a long lease-back agreement.

12Apr/100

Recent Sale: 1450 Hartley Ave, Coquitlam

Ewen Johnston from Colliers recently brokered the sale of 1450 Hartley Avenue in Coquitlam. The sale price of the property was $3,650,000, with an original asking price of $3,950,000. The building measures a total of 12,443 square feet and was built in 1998 and situated on a 77,275 square foot lot.

Download:
Original Brochure for 1450 Hartley Ave

2Mar/100

Recent Sale: 3500 Viking Way, Richmond

Cushman Wakefield helped broker the transaction of 3500 Viking Way in Richmond BC. The subject property is a 67,511 square foot industrial building on a 3 Acre parcel, leased out to a single tenant. The selling price of $7,300,000 represents a price per square foot of $108. The assessed value of the property for tax purposes is $6,412,000.

26Nov/090

New Listing: 22091 Fraserwood Way, Richmond

22091-fraserwood-2Don Viner and Myself have listed a 12-unit Strata Industrial/Office building in East Richmond just recently, and it features 8 Front Grade loading Office/Industrial Units and 4 Office Single-Floor End Units. The business park is branded as River Edge Business Park and the units start at. Please see this link on my site for more information:

River Edge Business Park - 22091 Fraserwood Way